investors

Naira Grows Marginally As It Exchanges At 441.25 To Dollar

Naira Grows Marginally As It Exchanges At 441.25 To Dollar

October 18, 2022 7:17 pm

Things have looked a little bit brighter for the Nigerian Naira on Monday as it had exchanged at ₦441.25 against the dollar during the Investors and Exporters window, while making a slight appreciation.

This current figure had also represented a slight increase of 0.03 percent when compared to the N₦41.38 it exchanged for the dollar before the close of business on the  14th of October.

Read Also: Naira Suffers Again, Crashes To ₦734 To Dollar

The open indicative rate closed at ₦439.63 to the dollar on Monday and meanwhile, an exchange rate of ₦442.50 to the dollar was the highest …

Panic As Bitcoin Falls Under $25,000, Lowest In 18 Months

Panic As Bitcoin Falls Under $25,000, Lowest In 18 Months

June 14, 2022 6:32 am

Bitcoin tumbled yesterday to an 18-month low under $25,000 as investors shunned risky assets in the face of a vicious global markets selloff, many months after the cryptocurrency hit a record high.

The unit took a heavy knock also from news that cryptocurrency lending platform Celsius Network paused withdrawals, citing volatile conditions.

World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears and sending investors running for safer assets like the dollar.

‘It is not very surprising to see such a strong downturn as we have noticed an increased correlation …

AfDB Will Create 25 Million New Jobs By 2025 - Adesina

Africa’s Outlook Positive, AfDB Officials Tell Indian Investors

August 14, 2020 12:00 pm

The groundwork has been laid for Indian investors who are looking to invest in Africa.

During a recent virtual conference hosted by the Confederation of Indian Industry (CII) and its partners, officials called for Indo-African partnerships to go beyond government-to-government cooperation and promote private sector participation to accelerate Africa’s development.

The Conference on Innovative Financing Mechanisms for Doing Business with Africa took place on 30 July 2020 and attracted more than 600 participants from over 45 countries.

Besides Africa and India, there were also participants from the Middle East, Europe, and Asia, representing businesses, governments, financial institutions, and business promotion …

“Option C” Investors Storm Office To Demand Their Money

January 25, 2020 1:19 pm

Tens of Lagosians stormed the LASU Road office of late Alhaji Fatai Yusuf, popularly known as Oko Oloyun, to demand the money they invested in his Ponzi scheme.

Oko Oloyun, a popular Lagos-based trado-medical expert, was murdered on Thursday 23 January 2020 around 4:30pm on the road while travelling to Iseyin, Oyo State. He was reportedly attacked by some hoodlums at Igboora.

Following his demise, people who invested money in his Ponzi scheme, known as “Option C” stormed the Head office of his company to demand how to retrieve their money. The investors were the more confused as his two …

Foreign Investors Bought Less Bonds In 2019, Says DMO

January 17, 2020 5:11 am

Foreign investors cut their participation in Nigerian government bond auctions last year, buying just 4.39 per cent of all bonds issued compared with the previous year when they bought 10.99 per cent, a debt office presentation showed.

The debt office said local fund managers bought most of the bonds in 2019, accounting for more than a third of total demand.

In 2017, foreigners bought 11.7 per cent of Nigerian government bonds, Reuters quoted the debt office to have said in a presentation to traders.

Read Also: Hope Uzodinma Probes Okorocha, Ohakim And Ihedioha

Foreign investors reduced their participation in Nigerian …

58,000 Visas Issued To Foreign Investors At Lagos Airport

December 6, 2019 9:14 am

Comptroller of the Nigeria Immigration Service (NIS) in charge of the Murtala Muhammed International Airport (MMIA), Mr Abdullahi Usman, has disclosed that not less than 58,000 visas have been issued to foreigners at the airport located in the Ikeja area of Lagos State.

Mr Usman, in a chat with newsmen at the airport, stated that most of the visas were issued to foreigners coming into the country to invest in the economy, thereby creating jobs for citizens.

Read Also: Lagos Orders Release Of 11 Children From Prison Custody

According to him, these visas were given to these foreigners on …

Investors

We’re Addressing Your Concerns, FG Tells U.S. Investors

November 23, 2019 9:08 am
The Federal Government has assured existing and potential American investors of its commitment to addressing issues of corruption, political instability and insecurity in the country.

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, conveyed the message at the 2019 USA-Nigeria Business and Investment Summit held in Atlanta, Georgia, United States.

The three-day event, which ended on Friday night, was organised by the Nigerian consulate in Atlanta in collaboration with the ministry to promote investment opportunities in Nigeria.

The forum also provided a platform for private and public sector players from both countries to exchange, compare policies, network and …

In South Africa, Ayade Woos Investors

November 13, 2019 11:14 am
Cross River State Governor Ben Ayade Wednesday launched a charm offensive in South Africa , wooing investors at the Africa Investment Forum (AIF), to invest in the state.
A statement issued by Ayade’s Special Adviser on Media and Publicity, Mr Christian Ita, said
Governor Ayade was at the Summit on the invitation of the President of the African Development Bank (AfDB), Dr. Akinwumni Adesina, along side the Chairman of the Nigeria Governors Forum, Dr Kayode Fayemi, his Kwara and Abia states counterparts, Dr  Abdulrasaq Abdulraman and Dr Okezie Ikpeazu respectfully.
While speaking at the cluster session on the opportunities Investors
…

Global Investors Mull $67b Projects For Africa In 2020

November 12, 2019 3:47 am
African countries will next year host projects worth $67 billion in critical sectors spanning energy, agriculture, housing, rail and telecoms infrastructure among others.
President of the African Development Bank, Dr Akinwunmi Adesina, who disclosed this at the opening press conference of the African Investment Forum (AIF) in Johannesburg said the amount was spread across 59 boardroom transactions for private sector projects.

He described the current edition of the AIF as representing a significant improvement on the 2018 meetings in which $48billion transactions were agreed upon.

“This is about Africa’s financial institutions

…
$2trn? Aramco Courts Investors To Hit IPO Valuation Target

$2trn? Aramco Courts Investors To Hit IPO Valuation Target

November 3, 2019 3:01 pm

Possible failure to reach the coveted target had caused a dilemma for Saudi Arabia’s Crown Prince Mohammed bin Salman: swallow the bitter pill of going ahead at a lower valuation, or postpone the initial public offering (IPO) once again. But on Friday he gave the green light for the debut to go ahead.

Read Also: Oil, Iran Top Agenda As Putin Visits Saudi

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Lagos Woos Investors In Coconut Value Chain

October 31, 2019 7:15 am

Governor Babajide Sanwo-Olu of Lagos State has pledged the state’s preparedness to support prospective investors in the coconut value chain.

He assured potential investors of bountiful return on their investments.

The governor disclosed this at maiden international coconut Summit held in Lagos recently.

Sanwo-Olu who was represented by the Commissioner for Agriculture, Prince Gbolahan Lawal, also stated his administration’s readiness to provide the enabling environment necessary to fully harness potential in the coconut value chain.

Read Also: Paucity Of Funds Delay Lagos’ Adeniji Adele Redevelopment

He pointed out that with oil prices averaging $63 per barrel this year, there …

FGN Urges Private Investors To Exploit Budget Opportunities

FGN Urges Private Investors To Exploit Budget Opportunities

October 25, 2019 3:01 am

The Federal Government of Nigeria, (FGN) has called on private sector investors to leverage the many opportunities that exist in the 2020 Appropriation Bill.

The proposed budget, FGN said, is intended to further reposition the economy on the path of higher, inclusive, diversified and sustainable growth, as well as create jobs.

Reiterating its commitment to strengthening partnerships with the private sector, the government also encouraged prospects to invest in infrastructure being concessioned through private-public partnerships (PPPs).

Director-General, Budget Office of the Federation, Ben Akabueze, said this at the 2019 Fellows’ Night and Investiture of the Institute of Directors (IoD) …

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